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Real Estate Market: Is Ravenhall VIC 3023 a Good Suburb to Buy Into?
Housing Market in Ravenhall
Sources: Property Listings and Microburbs, 2006 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| $808 | Top 1% |
|
||
| Premium | Premium | Premium |
Housing Supply in Ravenhall
The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 6,250 | Top 1% |
|
||
| 0.9 | Bottom 32% | Data for Jul 2023 | ||
| Premium | Premium | Premium | ||
| 7 lots | Bottom 49% |
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| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| 0 | Bottom 23% |
|
Housing Stock Quality in Ravenhall
The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 100.0% | Top 31% | Data for Jan 2021 | ||
| 1.2 | Bottom 5% |
|
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| 7.3% | Top 16% | Data for Jun 2023 |
Development Restrictions in Ravenhall
The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 0.0 sq km | Bottom 18% | Data for Jun 2023 |
Risk in Ravenhall
The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| 100.0% | Top 11% | Data for May 2023 | ||
| 0.0% | Bottom 11% | Data for May 2023 | ||
| 40 | Top 29% | Data for Jun 2023 | ||
| $997 | Bottom 9% |
|
||
| 77 | Bottom 39% | Data for Jun 2023 | ||
| 72 | Bottom 26% | Data for Jun 2023 | ||
| 59.3% | Top 1% |
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| 0.0% | Bottom 1% | Data for May 2023 |
Unit Market in Ravenhall
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
| $807 | Top 1% |
|
||
| Premium | Premium | Premium | ||
| 180.0% | Top 1% |
|
Housing Demand in Ravenhall
The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030
| Field | Value | VS Melbourne | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| 86000 | Top 1% |
|
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| 226000 | Top 1% |
|
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| 179000 | Top 5% |
|
||
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| Premium | Premium | Premium |
Planning Applications: Other (8)
| Headline | Place | Date |
|---|---|---|
| Proposed two lot subdivision containing two adjoining commercial buildings with common property. - Streamlined Planning through Electronic Applications and Referrals S202774P | 33 Ravenhall Way, Ravenhall VIC 3023 | 06 Jul 2023 |
| Removal of easement e-2 on ps 814772 affecting certficates of title vol 12389 fol's 930 to 954 - Streamlined Planning through Electronic Applications and Referrals S212309M | 2 Katherine Drive, Ravenhall VIC 3023 | 09 May 2023 |
| App.Online - Transfer of licence to Company - Victorian Commission for Gambling and Liquor Regulation 28295A06 | 1053-1057 Western Hwy, Ravenhall 3023, VIC | 15 Jun 2022 |
| Relocation of Licence - Victorian Commission for Gambling and Liquor Regulation 18728A07 | 1053-1057 Western Highway, Deer Park 3023, VIC | 17 May 2022 |
| Limited Licence - Renewable - Victorian Commission for Gambling and Liquor Regulation 70121A01 | Unit 1 / 28 Panamax Rd, Ravenhall 3023, VIC | 12 Aug 2021 |
Planning Applications: Dwellings (1)
| Headline | Place | Date |
|---|---|---|
| 2 Warehouses currently under construction - Streamlined Planning through Electronic Applications and Referrals S182832A | 45 Ravenhall Way, Ravenhall VIC 3023 | 29 Sep 2021 |
Businesses (100)
| Name | Address |
|---|---|
| Gallery Group | 1/18 Barretta Rd, Ravenhall VIC 3023, Australia |
| Bright Homes Construction PTY Ltd. | 6/92 Rebecca Dr, Ravenhall VIC 3023, Australia |
| Monkeytoe Australia | 6 Ravenhall Way, Ravenhall VIC 3023, Australia |
| Too Smooth | 10 Geehi Wy, Ravenhall VIC 3023, Australia |
| Diamond Homes Construction | 31 Damaine Cct, Ravenhall VIC 3023, Australia |
LGA Details (1)
| Headline | Place | Datetime |
|---|---|---|
| Local government area | Melton |
Percent of Renters by Street (30)
| Percent of Renters | Street |
|---|---|
| 34.5% | Geehi Way |
| 87.1% | Barretta Rd |
| 26.3% | Business Park Dr |
| 27.9% | Freight Rd |
| 52.2% | Fuller Rd |
Turnover Rate by Street (29)
| Turnover rate | Street | Turnover Label | Turnover Years | Year |
|---|---|---|---|---|
| 113.5% | Eucumbene Dr | very high turnover | Every 8.8 years (very high turnover) | 2024 |
| 128.6% | Orbis Dr | very high turnover | Every 7.8 years (very high turnover) | 2024 |
| 149.2% | Katherine Dr | very high turnover | Every 6.7 years (very high turnover) | 2024 |
| 100.0% | Palm Springs Rd | high turnover | Every 10.0 years (high turnover) | 2024 |
| 100.0% | Momentum Way | high turnover | Every 10.0 years (high turnover) | 2024 |
Median Unit Sale Prices by Street (3)
| Date | Median sale value | Street |
|---|---|---|
| 25 Apr 2024 | $2,262,000 | Eucumbene Dr |
| 31 May 2024 | 934500.0 | Eucumbene Dr |
| 30 Jun 2024 | 934700.0 | Eucumbene Dr |
Recent Rental Unit Listings (40)
| Address | Rent (per week) | Bedrooms | Bathrooms | Garage spaces | Date |
|---|---|---|---|---|---|
| 1/7 Geehi Way | $846 | Unknown | Unknown | Unknown | 02 Dec 2018 |
| 1/16 Fuller Rd | $481 | Unknown | Unknown | Unknown | 23 Nov 2018 |
| 3/5 Katherine Dr | $577 | Unknown | Unknown | Unknown | 14 Nov 2018 |
| 6/94 Eucumbene Dr | $788 | Unknown | Unknown | Unknown | 30 Oct 2018 |
| 2/10 Grace Way | $769 | Unknown | Unknown | Unknown | 01 Oct 2018 |
Recently Sold Units (100)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Sale Type |
|---|---|---|---|---|---|---|
| 86 Rebecca Dr | Price Withheld | 27 Jan 2023 | On Market | |||
| 86 Rebecca Dr | Price Withheld | 27 Jan 2023 | On Market | |||
| 86 Rebecca Dr | Price Withheld | 27 Jan 2023 | On Market | |||
| 86 Rebecca Dr | Price Withheld | 27 Jan 2023 | On Market | |||
| 86 Rebecca Dr | Price Withheld | 27 Jan 2023 | On Market |
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